{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-012617","form_type":"8-K","ticker":"EFOI","cik":"0000924168","company_name":"ENERGY FOCUS, INC/DE","filed_at":"2024-03-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.312850+00:00","generated_at":"2026-06-04T09:28:19.473911+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Energy Focus FY2023 net loss narrows to $4.3M; Q4 sales surge 261% YoY","bullets":["FY2023 net sales $5.7M, down 4.2% YoY; military products grew to 72% of sales mix from 37% in 2022.","Gross profit margin improved to 3.9% from (5.3)% in 2022, driven by headcount reduction and lower scrap/freight costs.","Net loss $4.3M ($1.32/sh) vs $10.3M ($8.88/sh) in 2022; operating loss $4.0M vs $9.3M.","Cash rose to $2.0M from $52K; raised $6.1M net via private placements; paid down $1.4M on inventory facility.","Q4 net sales $2.4M (+260.9% YoY); net loss $0.8M ($0.20/sh) vs $2.3M ($1.69/sh) in Q4 2022."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-012617","json":"https://secwatch.observer/filing/0001628280-24-012617.json","markdown":"https://secwatch.observer/filing/0001628280-24-012617.md","text":"https://secwatch.observer/filing/0001628280-24-012617.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/924168/000162828024012617/0001628280-24-012617-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/924168/000162828024012617/efoi-20240321.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T09:28:19.473911+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"49a9fee37e37387d0abe465d87499f0ca24e4f49","claim":"ENERGY FOCUS, INC/DE reported the fourth quarter and fiscal year ended December 31, 2023 results: revenue Net sales of $5.7 million, net income Net loss of $4.3 million, EPS $(1.32) per basic and diluted share of common stock.","evidence_excerpt":"markets, today announced financial results for its fourth quarter and fiscal year ended December 31, 2023. Full-Year 2023 and Subsequent Business Highlights • Net sales of $5.7 million, down 4.2% from 2022, reflecting an increased military sales pipeline, superseded by decreasing commercial sales, and continuing fluctuations in the timing, pace, and size of","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/924168/000162828024012617/0001628280-24-012617-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter and fiscal year ended December 31, 2023"},{"label":"Revenue","value":"Net sales of $5.7 million"},{"label":"Net income","value":"Net loss of $4.3 million"},{"label":"EPS","value":"$(1.32) per basic and diluted share of common stock"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}